Form 4: PACCAR Executive Vice President Darrin C. Siver Reports Changes in Beneficial Ownership
SEC Form 4
Executive Vice President Darrin C. Siver reports transactions involving PACCAR Inc. stock, including the conversion of restricted stock units and shares withheld for tax liability.
Summary
- Darrin C. Siver, an Executive Vice President at PACCAR Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's stock.
- On March 1, 2024, Siver converted 2,071 restricted stock units into common stock.
- Also on March 1, 2024, 505 shares were withheld to cover tax liabilities related to the vesting of restricted shares and/or restricted stock units at a price of $110.89.
- Following these transactions, Siver directly owns 56,526 shares of common stock and indirectly owns 23,082.757 shares through the PACCAR Savings Investment Plan (SIP).
- Siver also holds various stock options with exercise prices ranging from $43.7067 to $104.16 and expiration dates between 2028 and 2034.
- Additionally, he holds 3,942.417 share units in a deferred phantom stock account under the PACCAR Deferred Compensation Plan (DCP).
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | Date exercisable for stock options with expiration 02/07/2028 |
| 01/01/2022 | Date exercisable for stock options with expiration 02/06/2029 |
| 01/01/2023 | Date exercisable for stock options with expiration 02/04/2030 |
| 01/01/2024 | Date exercisable for stock options with expiration 02/02/2031 |
| 01/01/2025 | Date exercisable for stock options with expiration 02/07/2032 |
| 01/01/2026 | Date exercisable for stock options with expiration 02/08/2033 |
| 01/01/2027 | Date exercisable for stock options with expiration 02/05/2034 |
| 02/02/2031 | Expiration date for stock options exercisable from 01/01/2024 |
| 02/04/2030 | Expiration date for stock options exercisable from 01/01/2023 |
| 02/05/2034 | Expiration date for stock options exercisable from 01/01/2027 |
| 02/06/2029 | Expiration date for stock options exercisable from 01/01/2022 |
| 02/07/2028 | Expiration date for stock options exercisable from 01/01/2021 |
| 02/07/2032 | Expiration date for stock options exercisable from 01/01/2025 |
| 02/08/2033 | Expiration date for stock options exercisable from 01/01/2026 |
| 03/01/2024 | Date of earliest transaction: conversion of restricted stock units and shares withheld for tax liability. |
| 03/04/2024 | Date of signature for the report. |
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